Western Midstream (NYSE:WES) reported its Q1 earnings results on Tuesday, May 10, 2022 at 04:05 PM.
Here’s what investors need to know about the announcement.
Earnings
Western Midstream beat estimated earnings by 20.97%, reporting an EPS of $0.75 versus an estimate of $0.62.
Revenue was up $83.32 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.07 which was followed by a 4.19% drop in the share price the next day.
Here’s a look at Western Midstream’s past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.65 | 0.62 | 0.57 | 0.54 |
| EPS Actual | 0.58 | 0.61 | 0.55 | 0.44 |
| Revenue Estimate | 769.34M | 736.12M | 682.70M | 657.36M |
| Revenue Actual | 719.21M | 763.84M | 719.13M | 674.97M |
To track all earnings releases for Western Midstream visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
